Regency Capital Management Inc. DE Acquires 712 Shares of Aon plc (NYSE:AON)

Regency Capital Management Inc. DE grew its holdings in Aon plc (NYSE:AON) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,652 shares of the financial services provider’s stock after purchasing an additional 712 shares during the period. AON comprises about 2.0% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 22nd biggest holding. Regency Capital Management Inc. DE’s holdings in AON were worth $3,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AON. Belpointe Asset Management LLC grew its holdings in shares of AON by 8.1% in the fourth quarter. Belpointe Asset Management LLC now owns 956 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 72 shares during the period. Lake Street Advisors Group LLC purchased a new position in AON during the fourth quarter valued at $317,000. Crossmark Global Holdings Inc. lifted its position in AON by 0.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,565 shares of the financial services provider’s stock valued at $3,366,000 after purchasing an additional 76 shares in the last quarter. Cibc World Markets Corp lifted its position in AON by 42.8% during the fourth quarter. Cibc World Markets Corp now owns 46,512 shares of the financial services provider’s stock valued at $13,536,000 after purchasing an additional 13,930 shares in the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in AON by 5.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 5,271 shares of the financial services provider’s stock valued at $1,534,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

AON has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on AON from $353.00 to $379.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Piper Sandler boosted their price objective on AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley lowered their price objective on AON from $300.00 to $296.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and boosted their price objective for the company from $313.00 to $380.00 in a research report on Tuesday, July 30th. Finally, Barclays assumed coverage on AON in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $394.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AON currently has an average rating of “Hold” and an average price target of $337.27.

AON Trading Up 0.2 %

NYSE AON traded up $0.57 during trading hours on Friday, hitting $348.07. 563,811 shares of the company were exchanged, compared to its average volume of 1,194,480. The stock has a 50-day moving average price of $339.60 and a 200 day moving average price of $313.26. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.92. Aon plc has a 52 week low of $268.06 and a 52 week high of $353.54. The stock has a market cap of $75.68 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.92.

AON (NYSE:AON) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a return on equity of 252.81% and a net margin of 18.00%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the firm earned $2.76 earnings per share. The company’s revenue was up 18.4% compared to the same quarter last year. Analysts forecast that Aon plc will post 15.22 earnings per share for the current fiscal year.

AON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.675 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 0.78%. AON’s dividend payout ratio is 21.16%.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.